As we can see NIFTY has continuously been maintaining itself in the zone and finally closed in the zone so tomorrow’s direction is resllu going to be important as if it breaks the range then we can see a good downfall else we can see a strong upmove from here if sustained above the trendline hence we are expecting a unidirectional move in coming trading sessions...
As we can see NIFTY again had shown weakness throughout the day but still managed to close in the zone which shows that NIFTY has no confirmed trend to follow and no confirm trend has been decided hence we can still expect NIFTY to falsely break below the consolidation before finally moving up hence for comfirm downtrend we must wait for NIFTY to sustain below the...
As we can see NIFTY despite the weakness in first half but eventually has managed to close above trendline which shows that NIFTY might continue the upmove if managed to sustain above the zone and the trendline but in case if NIFTY fails to sustain above the zone then we might see a good fall in coming trading sessions so keep watching everyone
As we can see NIFTY had been moving unidirectionally without any significant retracement but we did see some good retracement today after a much awaited upmove and can be seen getting rejected at the trendline and hence 17580-17620 is sustained above and not broken down we can still expect NIFTY to continue its upmove so keep watching everyone
What an amazing rally witnessed from the retest of the trendline as it rallied over 800++ points in just a week without any retracement hence we can’t expect more aggressive upmove coming up and hence till 42000 is broken above and sustained we can expect BANKNIFTY to continue this partial upmove but we can expect a sideways to negative market if couldn’t sustain...
As we can see BANKNIFTY reversed exactly from the retest of the trendline and rallied over 700++ points…we also analysed that despite BANKNIFTY couldn’t sustain itself above 41000 it has not yet gone in downtrend and we can still expect a bull move being at the retest and it did rallied as analysed now we can see BANKNIFTY heading towards its next psychological...
As we analysed in the previous analysis that BANKNIFTY is yet to decide the trendline and the bullrun will only be confirrmed if BANKNIFTY sustains itself above 41000 mark which is both an important resistance and a psychological level but we saw BANK failed to sustain above the psychological level and fell in last hours after being sideways, we can not yet expect...
As we can see BANKNIFTY is sustaining itself above 41000 mark which is both an important RESISTANCE and a Psychological level visible on chart! As of now no confirm breakout has been identified and we can still expect BANKNIFTY to continue its downtrend if couldn’t sustain itself above the trendline hence if BANKNIFTY manages to sustain itself above the given mark...
As we can see as analysed banknifty finally reached it’s important resistance and a psychological level of 41000 level now we have to see BANKNIFTY if it could sustain itself above 41000 or not else like previous breakout we can expect BANKNIFTY giving false breakout above and finally continuing its downtrend hence unless 41000 is broken above and sustained we...
As we analysed BANKNIFTY finally reached its important level as analysed after rallying over 1000++ points. Now we can see BANKNIFTY reaching its very important psychological level of 41000 level hence watching the trend overall we can see BANKNIFTY maintaining itself in a downtrend hence if BANKNIFTY sustained above given psychological level we can see a start of...
As we can see BANKNIFTY rallied over 1000++ points from the demand zone as analysed from 38700-38800 levels and trading at important levels headinh towards psychological level of 40800-41000 levels which is its next supply zone which might act as a RESISTANCE hence we can see BANKNIFTY rally for more of 400-500++ points in coming trading sessions before this...
as we analysed in previous post that we are expecting a short term bullishness and we did see a 300-400 points unidirectional upmove in last trading sessions but we also discussed that BANKNIFTY is still in DOWNTREND despite its temporary recovery hence if BANKNIFTY opens strong to flat we might see it getting rejected at 40200 levels which is also a psychological...
As we can see BANKNIFTY got rejected from the previous acting SUPPORT which is now acting as a RESISTANCE. BANKNIFTY cannot be said to have changed the trend unless it breaks the previous psychological level and the support of 40000 levels hence from these we can analyse that BANKNIFTY is still in downtrend as of now unless its recent high is broken
As we can see BANKNIFTY got rejected exactly from the SUPPORT and the psychological level of 40000 levels and had been bearish ever since. Hence BANKNIFTY still seems bearish as of now unless BANKNIFTY sustains above 40000 hence keep watching as either of levels is broken we can expect a good move
As we can see NIFTY had been trading in a tight range of 400 points between 16800-17200 levels which shows there hasn’t been any big move recently which gives high chances of trending market coming up anytime sooner. To identify the direction of the move we must make sure NIFTY breaks either of the levels with proper sustainment hence for confirmation of direction...
As we can see we saw a huge downfall in the second half but it did close above 39550 giving respect to the psychological level hence if BANKNIFTY opens weak and below the psychological level we might see another sliggish to negative market today
As we can see NIFTY had been sideways throughout the day hence making in a range and hence any break either side could show good move! level to watch is 17100 and till 17100 is protected we are still bullish in nifty hence keep watching everyone
As we can see NIFTY showed some amazing upmove today, though BANKNIFTY outperformed NIFTY in terms of growth but we can see NIFTY having more potential than BANKNIFTY as NIFTY still has space to cover till 17300 which could be seen in upcoming trading sessions so keep watching everyone